Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: " n6 J1 _+ p9 Z 6 X. e2 K' v# O# z- x2 S * 6% of Canadian households bought a home in 2009, ]& p# x; z e
* 43% were first-time buyers (up from 36% in 2008) ! u1 B f6 S4 e6 s6 U- g; o, v7 A * 35% of buyers were age 18-34 ( c/ B0 ^9 _ A$ ?. R3 \ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! J# n2 H1 Q _4 w& w4 O: k
* 59% bought a larger home; 24% downsized0 C9 R7 B4 Y2 q7 v" I
* 74% bought an existing home; 22% bought new construction # S2 x% P! | o/ j+ ? * 55% purchased a single-detached home; 18% bought an apartment condo2 V; i$ `/ G! F( _, ]
* 5% of households intend to buy in 2010; 53% of those are renters2 K& M! E7 R: \/ [: T4 K1 @! o
* 42% of those intending to purchase plan to make a down payment of 20% or more., T. F: Q$ _6 u+ b- Y
; o- t! o* g- H6 K9 ]9 zThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters - t3 x C% d) J( N) M& t2 Q, T4 J: e0 h
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?